Related Articles

But the fallout from today’s announcement is pitting military allies against each other.

“That Canada could be considered a national security threat to the United States is inconceivable,” MrTrudeau said.

President Donald Trump has long threatened tariffs on imports into the United States. Picture: AAP (AAP)

The move will also drive prices of goods and services up on both sides of the Atlantic.

The European Union is weighing up slapping new rates on products from Harley-Davidsons, Levi jeans and bourbon whiskey – targeting specific products from states represented by influential Republicans in the Congress and Senate.

Mexico will target the US agricultural sector for tariffs.

Reverse tariffs could be slapped on items like Harley-Davidson motorcycles. Picture: AAP (AAP)

The Dow Jones Index dropped 250 points on the announcement and fear is growing that similar tariffs will be announced by Russia and China in coming days.

European leaders will meet with President Trump at the G7 conference in Canada next week.